Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Bandhan Bank Limited for its Padampur Branch branch in Bargarh, Bargarh, Odisha, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Bandhan Bank Limited located in Bargarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code BDBL0002241. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Bandhan Bank Limited, Padampur Branch, Bargarh
The table below shows the main details of the IFSC Code BDBL0002241 for the Bandhan Bank Limited branch in Bargarh, which falls under the Bargarh district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Bandhan Bank Limited |
| IFSC Code | BDBL0002241 |
| Branch | Padampur Branch |
| City | Bargarh |
| District | Bargarh |
| State | Odisha |
| Address | Biswakeshanmemorial Complex, College Road, Padampur, Po. Rajborasambar, Dist. Bargarh, Odisha, Pin. 768036 |
These details helps users in online banking and for businesses and individuals who use Bandhan Bank Limited in Bargarh for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BDBL0002241 for the Padampur Branch branch of Bandhan Bank Limited plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bandhan Bank Limited located in Padampur Branch, Bargarh, Odisha, is provided with a unique IFSC like BDBL0002241 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Bandhan Bank Limited branch in Bargarh.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Bargarh and Bargarh.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Odisha and the rest of India and the IFSC Code ensures that transactions meant for Bandhan Bank Limited in Padampur Branch do not get mixed with another location.
Format of the IFSC Code BDBL0002241
The format of the IFSC Code for banks, including Bandhan Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Bandhan Bank Limited, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Padampur Branch in Bargarh.
For example, the IFSC Code BDBL0002241 of Bandhan Bank Limited for the Padampur Branch branch includes these elements, identifying the bank and the branch location in Bargarh and Odisha accurately.
How to Find IFSC Code for Bandhan Bank Limited?
To find the IFSC Code BDBL0002241 of Bandhan Bank Limited for its Padampur Branch branch located in Bargarh, the following methods can help you out:
Cheque Book
The cheque book issued by Bandhan Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Bandhan Bank Limited branches in Bargarh and Bargarh, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Bandhan Bank Limited and go to the branch locator section. Then search for Padampur Branch or Bargarh to find the exact IFSC Code BDBL0002241.
Mobile Banking App
If you use Bandhan Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Bandhan Bank Limited and Bargarh will provide accurate information.
How to Use IFSC Code BDBL0002241 for Online Transfers?
Once you have the IFSC Code BDBL0002241 for the Padampur Branch branch of Bandhan Bank Limited in Bargarh, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code BDBL0002241. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Bandhan Bank Limited IFSC Code BDBL0002241.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bandhan Bank Limited Padampur Branch in Bargarh may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bandhan Bank Limited in Padampur Branch, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Bandhan Bank Limited website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Bargarh manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is BDBL0002241.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Biswakeshanmemorial Complex, College Road, Padampur, Po. Rajborasambar, Dist. Bargarh, Odisha, Pin. 768036 located in Bargarh, Bargarh, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.